Las Vegas Sands seeks financing

Oct 21, 2008 5:03 PM

by Ray Poirier | THE INSIDER: Slot machine revenue fell 13% at Mohegan Sun and 16% at Foxwoods Casino Resort during the month of September, according to Connecticut sources.

Officials of Las Vegas Sands are still seeking to finance the $2 billion it lacks for its Macau Cotai projects, according to a report in the Wall Street Journal.

Because of the potential growth of instant ticket sales in China, analysts have upgraded the shares of Scientific Games Corp. (SGMS).

A Palm Beach investor made a profit of $100,000 by buying at auction the casino day cruise ship SeaEscape for $3.6 million and then selling the boat to Regent Cruise Lines, the underbidder.

Douglas County, Nevada, planning commissioners have again rejected a variance for Max Baer Jr. to place an outdoor sign at a hotel/casino he plans to build. The sign reportedly is three times larger than the county permits.

The Dayton Business Journal newspaper has editorialized against the vote on Election Day that would approve the only casino license in the State of Ohio. The newspaper said it was a $1 billion "giveaway" to the developer, Lakes Entertainment Inc. (LACO).